Pace of economic growth to accelerate, says Arvind Subramanian

India's growth slowdown has bottomed out and the pace of economic expansion is expected to accelerate, said the finance ministry's chief economic adviser (CEA) Arvind Subramanian on Monday.

The economy grew below 5 per cent in the past two years - the longest spell of sub-par growth since 1980s.

However, it is expected to grow about 5.5 per cent in the fiscal year that ends in March.

(Reuters)